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they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either needs, a, a new speech writer or, b, a new policy or preferably both because he can't keep standing up with the same four silly bullets and say that that is going to improve the american economy which is producing the worst economic recovery in the modern era. >> i wouldn't expect you to -- i wouldn't expect you to like three of those four, but the fact that he has consistently talked about lowering the corporate tax -- >> but he didn't talk about that today. >> he did. >> he just talked about closing loopholes. >> he's referencing his plan to lower the corporate rate
they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either...
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gerri: resawed tax i.d., a past itinerarytr, property records, a physicalysic characteristics, law enforcement and intelligence information. shocking and compromising. d >> eight completely deny they do this but with edwards noted we hear incremental disclosure. we will find out. but bottom line as a traveler if you decide to y join this program you give them more data points including fingerprints if you join t global entry program your passport informion, it is the key into all sorts of database throughout the government and they are getting betterng to connect the dots. gerri: rehabing increases of holiday fares so if you wait you will see an increase what are the numbers?he >> if you look at the firstt we week of december buying for the holidays starting december 1750% increase. nonstop another 30%. traveling on thew weekend is 20% so over --. gerri: and if you've looked at year-over-year increases thanksgiving is up 95 4% in christmas 7.3%. gets on its. prices are going up. terrific to see you. coming up a new report shows just how grown up pg-13 really is. is setting a good guy for consu
gerri: resawed tax i.d., a past itinerarytr, property records, a physicalysic characteristics, law enforcement and intelligence information. shocking and compromising. d >> eight completely deny they do this but with edwards noted we hear incremental disclosure. we will find out. but bottom line as a traveler if you decide to y join this program you give them more data points including fingerprints if you join t global entry program your passport informion, it is the key into all sorts of...
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Dec 2, 2013
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people doing tax planning before the end of the year? >> the people i talked to on the retail side are talking about not selling, trying to carry profits into next year. that's what we see on the retail side. my timing models that called for pullback, are calling for a pullback here. they say it's a go ahead time to be cautious. if you get a pullback i think it sets up the fabled santa claus rally like your previous guest -- >> what's going on bob? >> we have weakened going into the close the last couple of weeks. interest rate stocks are under pressure. ism is strong, setting up the possibility of a strong jobs report on friday. interest rate sensitive groups are getting hit hard housing, telecom is weak. this might be still about what the fed is doing, tapering becomes more likely on friday and that's bothering the market. >> you think,fy read you correctly, the dips we've seen bought left and right this is another dip to buy? >> i don't think it's right right here, but further down if we break the 1760 area you could get a 5% 7% pullb
people doing tax planning before the end of the year? >> the people i talked to on the retail side are talking about not selling, trying to carry profits into next year. that's what we see on the retail side. my timing models that called for pullback, are calling for a pullback here. they say it's a go ahead time to be cautious. if you get a pullback i think it sets up the fabled santa claus rally like your previous guest -- >> what's going on bob? >> we have weakened going...
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Dec 3, 2013
12/13
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inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has been janet yellen. we're going to get a continuation of bernanke's policies and at least for the near term possibly even an acceleration -- at least versus expectations. people who thought taper was going to be in september, that obviously didn't happen. i don't think taper is happening imminently. spring at the earliest. that's enough probably to keep assets going. having said that, you want to be in careful places. go-go momentum stocks have seen drops -- >> we should be going through and parsing this out. but i'm an index guy. i know i'm not smart enough -- dom dominic, the
inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has...
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Dec 3, 2013
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i think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a different fund if you need to. take the loss, put it in your pocket if you don't need it and carry it forward. tax law accounting is huge in investing. >> we've been out of the muni market for the past 14 to 15 months when munis started getting back over 5% we've been a buyer. we've been aggressively buying municipal bonds. >> rob morgan any opinion on that before we go, quickly? >> absolutely. i think having a portfolio for individual investor tilted more toward short end and rising rate environment makes sense. i think detroit bankruptcy spells trouble more for retirees on pension plans more for than muni bond investors. >> a
i think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a...
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don't forget how we pay for those benefits through payroll taxes. how crazy is this program? pretax employers for hiring them and pay people not to work? is one of the craziest programs. >> i think there is some truth to your argument that may come as a surprise but there are also factors to be weighed entire sectors were wiped out in the last recession so it is hard to find suitable employment. >> gives the economy and adapt. >> sometimes you need more time to do that and that is why youet more time. >> died nine weeks? , 99 weeks? jedi that should do it if you cannot block did you go work at mcdonald's sadek but they're not be anymore because we will raise the battle waged. [laughter] dennis: it is set to stop talking but i could be a lot of a job here soon. nice job today. what you see it? the question of that i should the government extend unemployment benefits even if that adds to of employment? log on and we will shut -- share the results at the end of the show. more examples of past government god too far? have the problems plaguy obamacare and the white house said the
don't forget how we pay for those benefits through payroll taxes. how crazy is this program? pretax employers for hiring them and pay people not to work? is one of the craziest programs. >> i think there is some truth to your argument that may come as a surprise but there are also factors to be weighed entire sectors were wiped out in the last recession so it is hard to find suitable employment. >> gives the economy and adapt. >> sometimes you need more time to do that and...
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people have tax issues. do you think now is good time to address the market as we're sitting on highs for the day? >> sure. anytime we get to a new high you have to be cautious and why are we here? is it based on fundamentals or is it a little frothy? i think it is based on fundamentals. cheryl: you would wait? >> i would, wouldn't necessarily, well i would actually ease in. depends on areas. i look for opportunities when stocks come down when everything else is going up. comes up on my radar why did that stock go down? what is the specific issue. that is the way which i would property it. look for more of those divergences where there are stocks maybe at the market stays where it is, what is going down. why is it going down and look there if is there good fundamental reason to do it. we have a lot of political headlines in the election year. that could cause volatility in the markets. could be fun for people. cheryl: maybe now and january time to ease into the market? ease is the word of the day. >> like a
people have tax issues. do you think now is good time to address the market as we're sitting on highs for the day? >> sure. anytime we get to a new high you have to be cautious and why are we here? is it based on fundamentals or is it a little frothy? i think it is based on fundamentals. cheryl: you would wait? >> i would, wouldn't necessarily, well i would actually ease in. depends on areas. i look for opportunities when stocks come down when everything else is going up. comes up...
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Dec 10, 2013
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the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make. dominic, it's great to have you here. before we get into good solutions, let's talk briefly about big changes coming. >> yes, people are going to be surprised. a lot of ancillary taxes and all of them are going to hit you hard by april 15 the next year. most people are flying under the radar, they don't know and they're going to be in for a rude awakening. he won a lot of people are running their taxes ahead of time, trying to figure out what this is going to be. and what we are hearing is that more and more people are going to be paying 50% of their income or more in taxes and i means one out of every $2 to the tax man? >> it easily can get into that kind of range. so you have a couple weeks left in the year, a couple of moves and is not enough, think positively and take a little t
the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make. dominic, it's great to have you here. before we get into good solutions, let's talk briefly about big changes coming. >> yes, people are going to be surprised. a lot of ancillary taxes and all of them are going to hit...
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so maybe the gas tax money goes to the same places a social security trust fund and we say that we are trying to get to the bottom of this. if you can account for all of this, then you can make a credible argument. >> this is a good for you segment and the point is there is no accountability. you snd billions on education and you know how dumb our kids are. maybe not yours two i can't lecture. because i useto put a number in front of the decimal point. >> but we are doing hundreds of billions of dollars in and the more we spend on education, thhe words the test scores dead in the more that we on poverty programs, the more we spend on ads come the worse the poverty programs and roads get. insidethe beltway they live and talk to themselves. republicans are the same way. >> absolutely. >> there is no bottom line, just a bottomless pit. >> if you allate the sons, you and i can question this and then followed it. where's that money going? >> how many times will we see an incredible job that all of the others have in handling the crowds. and at the me time you see this website the obamacare
so maybe the gas tax money goes to the same places a social security trust fund and we say that we are trying to get to the bottom of this. if you can account for all of this, then you can make a credible argument. >> this is a good for you segment and the point is there is no accountability. you snd billions on education and you know how dumb our kids are. maybe not yours two i can't lecture. because i useto put a number in front of the decimal point. >> but we are doing hundreds...
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Dec 4, 2013
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a tax. john harwood will explore that in the days ahead. >>> we've heard from fast woodworkers, economists on the debate. today an industry executive to tell us what it will really mean for his business. joining me, jamie richardson, vice president of white castle. thank you for being here. >> good to be with you, kelly. >> you say if we raise the minimum wage, president says from $7.25 an hour to, perhaps, $10 an hour. what the direct effect on white castle? >> groups pleading to raise the minimum wage to $15 an hour. to more than double the mandated minimum wage, it would be catastrophic for white castle, our team members and neighborhoods. we've been part of the cities we're at for more than 90 years now. >> can you give us the numbers, jamie? >> sure. we have 406 restaurants. we know that would result in closing more than 200 of those restaurants. the ones remaining would be glowing embers, dying stars. what we also know is it would cost thousands of jobs to take a starting wage and doub
a tax. john harwood will explore that in the days ahead. >>> we've heard from fast woodworkers, economists on the debate. today an industry executive to tell us what it will really mean for his business. joining me, jamie richardson, vice president of white castle. thank you for being here. >> good to be with you, kelly. >> you say if we raise the minimum wage, president says from $7.25 an hour to, perhaps, $10 an hour. what the direct effect on white castle? >>...
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if you talk about a waste gap in this country and they are taxing the heck out of the upper end of that another allows all votes to flow. so where he they been and when have you started caring? anjust remember this, you can't raise the wage of quality anymore than that. and let us also remember that it is only a small price of that is paid at the minimum wage level. before they advance in before in their good work leads to good things and better y. not governments and unions. whining about injustice only works if you are seeking justice welcome to our guests. these individuals don't like he wages and easie said than done. >> we have millions of americans out of work. i'm sure that they would love to have these jobthat the fast food workers don't. obamacare is already killing jobs and you have employers say that i'mot going to hire because i can't afford to pay health insurce and wages for 50 plus employees, and like you said, you know, it really harms minorities, blacks and hispanics get harmed because we always have higher unemployment rates. and doubling the minimum wage, right before
if you talk about a waste gap in this country and they are taxing the heck out of the upper end of that another allows all votes to flow. so where he they been and when have you started caring? anjust remember this, you can't raise the wage of quality anymore than that. and let us also remember that it is only a small price of that is paid at the minimum wage level. before they advance in before in their good work leads to good things and better y. not governments and unions. whining about...
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we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us about that. >> the new tax bracket starts at 39%. so the bracket kicks in for taxpayers that are over for under 50,000 or 500. that is an increase from 35%. that's a huge increase. gerri: let's talk about the medicare taxes. in a new medicare tax rate of 0% tell us about that. gerri: the increase relates to earn income. that is on top of the social security increase that you had in the beginning of the year which is a 2% increase. many people were surprised. now you have that additional. he also have non income related to investments such as interest, dividends, capital gains, eff
we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us...
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eastern for a special user's guide to your taxes. it is the year end edition. i'm coming back, are these coins a good investment? $4000 is the average cost. why are costs rising so much? stay with us. just by talking to a hmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. ven pulled strings with the stoplights. my ambulance talks witsmoke alarms and pilots and adiums. but, of course, 's a good listener too. [ female announcer ] today cisco is connecting the internet oeverything. so everything works like never before. gerri: emergency rooms are profit centers? here with more, a professor of orthopedic surgery at duke university. i can't imagine why would cost thousands of dollars to get stitches. what is going on? >> emergency rooms tend to be one of the most expensive places to get your health care. and so if you have a smaller or nonurgent issue, will you will pay more. you also need to remember that there are four
eastern for a special user's guide to your taxes. it is the year end edition. i'm coming back, are these coins a good investment? $4000 is the average cost. why are costs rising so much? stay with us. just by talking to a hmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. ven pulled strings with the stoplights. my ambulance talks witsmoke alarms and...
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and very conservative when it came to fiscal policies, saying don't tax me, don't take away any more of my money, they have interviewed people, i started on food stamps, i pulled my way up, i don't like giving to people, who to me don't look like they are trying to get better. >> it is a punishment, the wrongs of yesteryear,ure we always told the same 1% that were wealthy in 1979 are same now but they gobbled up a greater share of the wealth, as if we don't have mobility up and down. >> we've seen a lot more economic mobility downward, when you have 20% of the people being rich, top 2% of the bracket, sometime that means that rich are getting richer, that is not a bad thing. melissa: if everyone is en insession cure. >> what you have seen is an ex askeex -- exacerbated by president obama. in the economy nothing is perfect, free markets they ebb and 'fro flow, you need a limitd government that gets out of the way. >> i agree, you need a strong middle class, the economic inequality is the main challenge of our generation, you have so many poor people, and so many rich people nobody in
and very conservative when it came to fiscal policies, saying don't tax me, don't take away any more of my money, they have interviewed people, i started on food stamps, i pulled my way up, i don't like giving to people, who to me don't look like they are trying to get better. >> it is a punishment, the wrongs of yesteryear,ure we always told the same 1% that were wealthy in 1979 are same now but they gobbled up a greater share of the wealth, as if we don't have mobility up and down....
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this means states will soon start collecting internet sales taxes, fast-food workers, will walk out of job thursday to protest federal minimum wage, protesters are calling for $15 an hour, a lot of people think such a raise is possible. >> bank of america will they more than $400 million to freddy back for bad home loans sold since 2000. >> those are some hot stories right now on fox business.com. >> still to come, my two cents more, it happens to the best of us, a thanksgiving food binge that sets you up for a bad holiday eating track. how to get you on the right track, coming up. so i can reach ally bank 24/ but there are no branches? 24/7. i'm sorry, i'm just really reluctant to tryew things. really? what's wrong with trying n things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. every day we'reorking to and to keep our commitments. and w've made a big commitm
this means states will soon start collecting internet sales taxes, fast-food workers, will walk out of job thursday to protest federal minimum wage, protesters are calling for $15 an hour, a lot of people think such a raise is possible. >> bank of america will they more than $400 million to freddy back for bad home loans sold since 2000. >> those are some hot stories right now on fox business.com. >> still to come, my two cents more, it happens to the best of us, a...
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talking about amazon, no taxes, the irs has not ruled on taxes crept, and that's an interesting point because barter and exchange is still something people like to do. melissa: for the record, we're very suspicious of that story. scott mrtin, thank you so much. >> see ya. melissa: $4,000 for a bottle of whiskey. people are paying for the good stuff, and this man is making a fortune. you can never have too much "money." we'll be right back. ♪ ♪ every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. so ieserve a small business credit card with amazing rewards. with the spark cascard from capit one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewa
talking about amazon, no taxes, the irs has not ruled on taxes crept, and that's an interesting point because barter and exchange is still something people like to do. melissa: for the record, we're very suspicious of that story. scott mrtin, thank you so much. >> see ya. melissa: $4,000 for a bottle of whiskey. people are paying for the good stuff, and this man is making a fortune. you can never have too much "money." we'll be right back. ♪ ♪ every day we're working to be...
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Dec 4, 2013
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they are a tax cut for consumers. they are a tax cut for businesses. that is good for the economy and, therefore, that's good for the stock market. >> agreed, larry, but we had a $4 pop in crude oil. so i think they cut a lot of shorts on hand. it's all about this pipeline, this connection from cushing down to port arthur coming online in january. it caught these shorts on the run. now we're seeing this movement up. lower prices are better for the consumer but right now it seems like we're going test out and see if we can get back to 100. >> that's going change. that's just technical stuff. that's pipeline stuff. that will change and get straight end out. whether the keystone gets built or not is a different question. look, i don't think -- scott, i don't think this is goldilocks because to me goldilocks was 4% growth and 2% inflation. it is kind of mini, mini goldie lock, 2, 2.5% growth and 0% inflation. in that environment, long run investors which is the only kind of investing makes stones me, hang in there, ignore these blips and stay with it becau
they are a tax cut for consumers. they are a tax cut for businesses. that is good for the economy and, therefore, that's good for the stock market. >> agreed, larry, but we had a $4 pop in crude oil. so i think they cut a lot of shorts on hand. it's all about this pipeline, this connection from cushing down to port arthur coming online in january. it caught these shorts on the run. now we're seeing this movement up. lower prices are better for the consumer but right now it seems like...
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and wait until some geek taxes it and it's redirected somewhere else. we will have our special, the b-side next. (announcer) at scottrade, our clients trade and inst exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one lin... to easily momove my money wheni need to. plus, en i call my local scottrade office, i can talk to someonwho knows how i trade. because i don't trade like everybody. i trade like me. (announcer) scottrade-proud to be ranked i'm with scottrade. "best overall client experience." ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. [ female announcer ] every day w're working tong and to keep our commitmes.-. and we've made a big commitment to america. bp supports nearly 25
and wait until some geek taxes it and it's redirected somewhere else. we will have our special, the b-side next. (announcer) at scottrade, our clients trade and inst exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one lin... to easily momove my money wheni need to. plus, en i call my local scottrade office, i can talk to someonwho knows how i trade. because i don't trade like everybody. i trade like me. (announcer) scottrade-proud to...
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Dec 5, 2013
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let the world know that every single republican who talks about repealing the act is imposing a $1200 tax on seniors by reopening the doughnut hole. so when they talk about repeal, what they're talking about is hitting the middle class and seniors in their pocketbooks. they're talking about a new surcharge on young people who will no longer be able to stay on their parents' insurance plans. we've been on defense. we're going on offense. we want to focus on the success of this program while republicans focus on its demise. they want to go back to a system where health insurance companies had free rein over people's health care. >> i want to leave it to your website to explain the doughnut hole. the majority of americans plan to sign up for insurance rather than pay the fine. however, there's a strong partisan break down. 80% of uninsured democrats say they plan to sign up. among republican, look at these numbers. just 46% say they're going to get insured versus 45% who say they're going to pay the fine. they're listening to their party telling them don't sign up. why are republicans not pl
let the world know that every single republican who talks about repealing the act is imposing a $1200 tax on seniors by reopening the doughnut hole. so when they talk about repeal, what they're talking about is hitting the middle class and seniors in their pocketbooks. they're talking about a new surcharge on young people who will no longer be able to stay on their parents' insurance plans. we've been on defense. we're going on offense. we want to focus on the success of this program while...
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when it comes to the tax credit of taxpayers out there, when a tax credit gets invested into the solar system it actually gets a return. there is actually a benefit. >> okay. and of course, you know, if the extrapolation of this analogy has gone bankrupt and you say that's absolutely off the table. if the subsidies were removed, what would happen to your company? >> if they were removed today, we would struggle. we do need it today to get to scale. but that is not actually a fair question. if you were to do that you would have to take subsidies away to different tax advantages that the fossil fuel industry has. if you were to take away those benefits for them, the cost of electricity would go up dramatically. >> you're saying that it's a risk that not just your company faces but every company? it is the same risk across the board? >> well, today, energy is subsidized. as time goes on, what we do know is our cost is coming down and the cost of fossil fuels continues to go up. the penetration of solar is only less than 1%. think of how much cost reduction will occur when you start gettin
when it comes to the tax credit of taxpayers out there, when a tax credit gets invested into the solar system it actually gets a return. there is actually a benefit. >> okay. and of course, you know, if the extrapolation of this analogy has gone bankrupt and you say that's absolutely off the table. if the subsidies were removed, what would happen to your company? >> if they were removed today, we would struggle. we do need it today to get to scale. but that is not actually a fair...
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Dec 10, 2013
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. >> former girl, the big issue, the big news today is they are facing a tax bill in india. people are saying they could be $3.5 billion. it's the cost of doing business in india. if you look at what they have done, and focusing on their core, this company will be profitable again and i think you can own it again. >> pop here for cbs. >> even though cvs was already the biggest, size does matter. they love this deal. these guys have been doing everything right for a few years. >> pop here for facebook. >> i was really surprised it reached the $48 level. you have an instagram event. i think the stock wants to trade up to levels it saw before. >> and we have a pop for cabbies. a pair of photographerers are being hailed for creating a pin-up calendar of new york city drivers. proceeds will benefit a charity on the lower east side. >> this is going to be bad. that last guy lying down without a shirt on? mark cubanish about it. he looked just like him. just saying. back to our cnbc exclusive now. the play book for 2014. he's a hedge fund manager. david, good to have you back. what
. >> former girl, the big issue, the big news today is they are facing a tax bill in india. people are saying they could be $3.5 billion. it's the cost of doing business in india. if you look at what they have done, and focusing on their core, this company will be profitable again and i think you can own it again. >> pop here for cbs. >> even though cvs was already the biggest, size does matter. they love this deal. these guys have been doing everything right for a few years....
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so that tax is coming for sure. additionally, if you're a small business and you made some capital investments this year, you were getting a nice little tax deduction. starting next year your taxes will shoot up. if you make new product purchases to sustain your business, the government is raising your taxes and that is coming in 2014 and that's going to be the cbo says that's going to account for half of all new revenue next year. so, businesses are going to take it very hard starting -- >> they're at least 14 other ancillary fees going in, airline security fees, transportation fees and that's going to hit a lot of people no matter where they are in the income range. right? >> that's right. absolutely. and right now, you have senator patty murray and representative paul ryan, who have been squirreled away -- everyone has been distracted with other issues but these two lawmakers have been negotiating the budget deal for next year, and in washington, when things are quiet, that usually means something is happening, a
so that tax is coming for sure. additionally, if you're a small business and you made some capital investments this year, you were getting a nice little tax deduction. starting next year your taxes will shoot up. if you make new product purchases to sustain your business, the government is raising your taxes and that is coming in 2014 and that's going to be the cbo says that's going to account for half of all new revenue next year. so, businesses are going to take it very hard starting --...
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talking about amazon, no taxes, the irs has not ruled on taxes crept, and that's an interesting point because barter and exchange is still something people like to do. melissa: for the record, we're very suspicious of that story. scott martin, thank you so much. >> see ya. melissa: $4,000 for a bottle of whiskey. people are paying for the good stuff, and this man is making a fortune. you can never have too much "money." we'll be right back. ♪ ♪ hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one at rate. so i kn untilt was full. you'd be cra not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doct told me about eliquis. and three important reasons to take eliquis instead. one, in a cl
talking about amazon, no taxes, the irs has not ruled on taxes crept, and that's an interesting point because barter and exchange is still something people like to do. melissa: for the record, we're very suspicious of that story. scott martin, thank you so much. >> see ya. melissa: $4,000 for a bottle of whiskey. people are paying for the good stuff, and this man is making a fortune. you can never have too much "money." we'll be right back. ♪ ♪ hi honey, did you get e...
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Dec 9, 2013
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the federal government is more taxes and more regulation. we will have the other states. >> we will sell 16 million automobiles. we have 950,000 housing starts. >> next year is going to be the year that it is not that eeoc siting and it's time to be more of an opera player. find the stocks that have a great story, something behind them and allocate your money there. the beta is challenging there. it's hard to move up a lot. they are highly complimentary. we are keeping all the airplanes and all the people. supply should be on change. >> guy? >> talked about this last week. you overlay a honey well chart and you will see the outperformances there. although it has had a meteoric rise, i think that honeywell is interesting. >> i'm long ge. i think they have major exposure. the entire u.s. economy is on trend. to say that we're just trying to get over the trauma here and some of the data is already there. >> will the snow and ice keep shoppers at home or will they bare the elements. dan, always good to see you. what have you seen so far? we have
the federal government is more taxes and more regulation. we will have the other states. >> we will sell 16 million automobiles. we have 950,000 housing starts. >> next year is going to be the year that it is not that eeoc siting and it's time to be more of an opera player. find the stocks that have a great story, something behind them and allocate your money there. the beta is challenging there. it's hard to move up a lot. they are highly complimentary. we are keeping all the...
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i think the president decided, congress can't challenge me, he will spend money and tax and write regulations if he decides to. and we're down to that "i" word. and it will be the american people who have to rise up. >> congressman, you know there is no appetite for that. >> listen, what we have to do, the ultimate remedy for an out of control president is elections. and it is not just the elections of the president. it is the upcoming mid-term election where we have to take control of the senate and the house to keep this out of control president in check. your vote is what is going to make the difference. >> all right, guys, good to see you. coming up next. big interview this week, chris matthews will interview the president. we'll get into that. also the next example from the wasteland that has become known as washington, d.c. we'll reveal how much of your money the state department spent on booze. this should make your blood boil. by the way, it was the third and final option of the video during the day. the heartwarming clip of this little boy becoming a police officer. so is this the wi
i think the president decided, congress can't challenge me, he will spend money and tax and write regulations if he decides to. and we're down to that "i" word. and it will be the american people who have to rise up. >> congressman, you know there is no appetite for that. >> listen, what we have to do, the ultimate remedy for an out of control president is elections. and it is not just the elections of the president. it is the upcoming mid-term election where we have to...
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Dec 8, 2013
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give parents more school choice and education tax credits. and loosen visa rules to encourage foreign sbe pentrepre to open businesses. senator, while critics say those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. i mean, the president poured a trillion dollars into the nation's economy. when you divided it out it was about $400,000 per job. the problem with a government stimulus is you pick the winners and losers. with this stimulus that i'm talking about, a free market stimulus, you simply leave the money in the hands of those who earned it. so the customers have actually picked out the successful people, the ones they choose to buy products from. those people get more money. like i met a young man, young african-american man who has his own restaurant. his first question is, do you have any tax breaks for me for my business? that's what this would do. it would help people who are already in business and trying. >> i don't have to
give parents more school choice and education tax credits. and loosen visa rules to encourage foreign sbe pentrepre to open businesses. senator, while critics say those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. i mean, the president poured a trillion dollars into the nation's economy. when you divided it out it was about $400,000 per job. the problem with a government...
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the company also has a history trying to uild the tax system in hawaii and nothing more. and so at about $750 per enrollee in hawaii at this point. neil: summer working through their own exchanges and what have you. in time will heal a lot of it. what do you find? >> i don't think so. you can talk about the website in one issue, you can talk about it in another. we are seeing that the premiums are increasing by 22% for the interesting thing is that 8% of the population is uninsured and the majority people are insured through their employer. as we have create a system where we are spending 205 million federal dollars in hawaii to enroll a percent of the population, with only 257 people have actually signed up. so once we see this -- nationally, it the majority is don't want to sigorsing that trs well. be. neil: the republican governors aren't going along, they don't match and this has happened other states it really doesn't matter. >> it is a mess because you talk about the government trying to create a marketplace and a system that didn't work. so we have seen problems in
the company also has a history trying to uild the tax system in hawaii and nothing more. and so at about $750 per enrollee in hawaii at this point. neil: summer working through their own exchanges and what have you. in time will heal a lot of it. what do you find? >> i don't think so. you can talk about the website in one issue, you can talk about it in another. we are seeing that the premiums are increasing by 22% for the interesting thing is that 8% of the population is uninsured and...
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we'll take personal and corporate tax down to 5%. bring the payroll tax down for the worker and employer. and we'll reduce the red tape and let businesses thrive. we'll invite entrepreneurs from around the country and around the world who want to come to detroit and make it like a mini hong kong. there are great things you can do the. it's amazing how much money accumulates not from other parts of the country but just from detroit's tax base if you don't take it to washington. you leave it in detroit. >> you're saying you will reduce the personal tax liability to 5%. can you do that? you're senator rand paul, one senator. how do you accomplish -- i like the idea. i'm asking how you accomplish it. >> well, if i were president obama i would do it by edict. i'm just a senator so we have to pass it as legislation and get the president to sign it. i can tell you now there is not a lot of enthusiasm for the traditional type of bailout. i don't think that will pass the house of representatives. i think my plan, if democrats would look at it
we'll take personal and corporate tax down to 5%. bring the payroll tax down for the worker and employer. and we'll reduce the red tape and let businesses thrive. we'll invite entrepreneurs from around the country and around the world who want to come to detroit and make it like a mini hong kong. there are great things you can do the. it's amazing how much money accumulates not from other parts of the country but just from detroit's tax base if you don't take it to washington. you leave it in...
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it's more similar to seniors who sign up for medicare, people who file their taxes. you know, there are a whole bunch of things where you're providing information to the government. it's protected. it's governed by a whole series of laws. the nsa issues a broader issue. young people are rightly sensitive to the needs to preserve their privacy and maintain internet freedom. and so i am. that's part of not just our first amendment rights and expectations in this country, but it's particularly something that young people care about because they spend so much time texting and, you know, instagraming. >> whatever. >> something's coming up every single day. so all of us spend more and more of our lives in cyber space. now, the challenge is first of all we do have people who are trying to hurt us. and they communicate through these same systems. if we're going to do a good job preventing a terrorist attack in this country, a weapon of mass destruction getting onto the new york subway system, et cetera, we do want to keep eyes on some bad actors. the second thing is that the
it's more similar to seniors who sign up for medicare, people who file their taxes. you know, there are a whole bunch of things where you're providing information to the government. it's protected. it's governed by a whole series of laws. the nsa issues a broader issue. young people are rightly sensitive to the needs to preserve their privacy and maintain internet freedom. and so i am. that's part of not just our first amendment rights and expectations in this country, but it's particularly...
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. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the situation says in fact over the last month about 100,000 people have been able to select plans on the troubled healthcare.gov, as they've made improvements. add that to the 231,000 confirmed enrollments from the states. that brings you to about 333,000. the big question now, though, is just what's happening on the back end, and sue, i can tell you insurers are still concerned they are not getting the right information when they get those transmittals over to them b. >> understandably so, bertha. thank you very much. we turn to that del re derailment. mary thompson is live on the scene in bronx, new york, with the continuing investigation. mary, over to you. >> reporter: what a difference a day makes. when we came in this morning -- we
. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the situation says in fact over the last month about 100,000 people have been able to select plans on the troubled healthcare.gov, as they've made improvements. add that to the 231,000...
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a lot for the tax that we pay. >> what's the highest tax bracket here in canada? >> probably 50 percent. >> 50? >> coming from a [ bleep ] homeless [ bleep ] person who gets no access to [ bleep ] health care i think it's a joke. >> you're not crazy about it, are you? >> what is your experience inter acting with the health care system? >> excellent. >> obama is trying to emulate the socialist health care. >> we have a socialist health care? >> i'm on my way to being tammy. my name is tom. >> obama is trying to emulate you. i think it's a train wreck. >> everybody blames canada. >> in this department we have homeless people, bank presidents side by side. >> have you heard of obama care? >> obama care? >> yeah. >> is that a violent thing? >> sounds like a monster movie. >> are you satisfied with your health care here in canada? >> no. we don't enjoy waiting months for an appointment. it's not the most effective way. >> did you have to wait in any line? >> yeah, about 8 hours. >> anywhere between four to six hours. >> if the canadian health care system is so good, wh
a lot for the tax that we pay. >> what's the highest tax bracket here in canada? >> probably 50 percent. >> 50? >> coming from a [ bleep ] homeless [ bleep ] person who gets no access to [ bleep ] health care i think it's a joke. >> you're not crazy about it, are you? >> what is your experience inter acting with the health care system? >> excellent. >> obama is trying to emulate the socialist health care. >> we have a socialist health care?...
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the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next guest, the disastrous state of the sales. and two people got it wrong, bricks and mortar. number one is gap, what did they do wrong? >> gap is looking like a winner, old your horses, this is a company cut that numbers to make an earnings. and yes, you have to make basically the stores messy, large piles of clothes, banana republic, gap, old navy, instant markdowns. stuart: the stock is up 2 1/2% despite what you're saying about the state of the stores. >> nobody people were talking about the stores were in disarray and didn't have enough employees and you're supposed to put your best foot
the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next...
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even though it's government-run, income tax as high as 50%. they like it. isn't it possible that americans will learn to love. >> why is that most canadians with significant resources come to the united states? >> 40,000 came to the united states. 40,000. >> they have serious issues. cancer treatment. >> that's a lot. >> come to the united states, why? we used to be -- >> -- you don't think that it's possible that americans will be persuaded like canadians have been. you don't think so? >> i don't think so. i think over the next year you are going to see implosion of this where it's not going to work. >> okay. colmes, somethin' tells me that you will go down with the obamacare ship. he is the captain. >> why would you say such a thing. >> one of the loyal guys. >> i'm not one of the nay sayers like you people. >> even if it blows up. >> the right wing wants it to blow up because they want to be able to say i told you so. >> that's true. >> if it works, they are all wrong. this is more about midterm elections now. they are not going it appeal obamacare. that
even though it's government-run, income tax as high as 50%. they like it. isn't it possible that americans will learn to love. >> why is that most canadians with significant resources come to the united states? >> 40,000 came to the united states. 40,000. >> they have serious issues. cancer treatment. >> that's a lot. >> come to the united states, why? we used to be -- >> -- you don't think that it's possible that americans will be persuaded like canadians...
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but the left wants more spending and even higher taxes. simply put, the big government spending machine has not helped the economy very much. but again, liberal theory trumps results. >> the idea that so many children are born into poverty in the wealthiest nation on earth is heartbreaking enough, but the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own? that should offend all of us. >> well, it certainly offends me. if children are not getting a good education or do not have proper health care, i'm offended. but you cannot bankrupt the entire nation on some ideological quest for income equality. in a capitalistic system, that's impossible. a "wall street journal" editorial yesterday was blunt -- "mr. obama returned to his favorite theme of rising income inequality. he ought to know since few presidents have done more to increase inequality than he has. median household income has fallen since the economic recovery began, while t
but the left wants more spending and even higher taxes. simply put, the big government spending machine has not helped the economy very much. but again, liberal theory trumps results. >> the idea that so many children are born into poverty in the wealthiest nation on earth is heartbreaking enough, but the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own? that should offend all...
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what about tax reform. they always talk about it. immigration reform. that farm bill is already two years overdue. with all this unfinished business, what are they doing? let me give you a hint. according to "the washington post" only five days are planned in december when the house and the senate will both be in washington. just five days for senators and members of congress to work together and actually solve problems. they don't operate in a vacuum. they can't get work done if they're not both working together or even working. that is a fact. now, that's not to say some are not working. it's the institution that's the problem. the institution has a lousy work ethic. as long as we are content to be the enablers, you and me, it'll get worse. my view, time's up. either they stay in washington for a full month of work in december and prove they really care, or they should be voted out. no questions asked. and regardless of party. if you don't want to work. just go. that's my off the record comment tonight. if you have an important story or issue you thin
what about tax reform. they always talk about it. immigration reform. that farm bill is already two years overdue. with all this unfinished business, what are they doing? let me give you a hint. according to "the washington post" only five days are planned in december when the house and the senate will both be in washington. just five days for senators and members of congress to work together and actually solve problems. they don't operate in a vacuum. they can't get work done if...
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court system, force black people to carry identification at all times, that included their birth place, tax records and any and all encounters with police. and it would have to create boss, the bureau of state security which could use indefinite detention without trial. nelson mandela spent his life fighting against apartheid. he led that fight in the villages of south africa and for 27 years managed to continue to lead that fight from a prison cell most of that time spent on a prison on an island off the coast of south africa. after nelson mandela concurred apartheid, had it erased from south african law, he continued to fight apartness because although the apartheid law was gone, apartness remained in south africa. black and white continued to live mostly apart. if the 20th century had an indispensable man, it was nelson mandela. and south africans knew that, which is why they stood in line for so long when they were offered a chance to vote for him for president. he was, as south african president jacob zuma put it today, the country's greatest son. >> this is the moment of our deepest s
court system, force black people to carry identification at all times, that included their birth place, tax records and any and all encounters with police. and it would have to create boss, the bureau of state security which could use indefinite detention without trial. nelson mandela spent his life fighting against apartheid. he led that fight in the villages of south africa and for 27 years managed to continue to lead that fight from a prison cell most of that time spent on a prison on an...
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how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. hands for holding. feet, kicking. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to manage your ra, now may be the time to ask about xeljanz. xeljanz (tofacitinib) is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start taking xeljanz if you have any kind of infection, unless ok with your doctor. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests, including certain liver tests, before you start and while you are taking xeljanz. tell your doctor if you have been to a region where certain fungal infections are common and if you h
how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. hands for holding. feet, kicking. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to manage your ra, now may be the time to ask about xeljanz. xeljanz (tofacitinib) is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including...
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>> state raised taxes federal government raised taxes, taxes relative to the size of the economy is at 20-year high. david: if he raises them even more what would happen? >> i think you will see continued economic struggle. it is not a robust recovery right now. david: steve ma lang today, manhattan institute. thanks for being here. liz? liz: amc entaint has a loyalty plan with a difference. members may cash in on the theater chain's upcoming ipo. you have to hear about this one. creative marketing. we'll tell you now next. >>> listen up, lady, we have a list of the wealthiest bachelors on earth. you won't want to miss this list of billionaire bachelors. ♪ as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recoizing me with unlited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, e
>> state raised taxes federal government raised taxes, taxes relative to the size of the economy is at 20-year high. david: if he raises them even more what would happen? >> i think you will see continued economic struggle. it is not a robust recovery right now. david: steve ma lang today, manhattan institute. thanks for being here. liz? liz: amc entaint has a loyalty plan with a difference. members may cash in on the theater chain's upcoming ipo. you have to hear about this one....
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that is the one thing i have to say i enjoy about making money, paying my taxes. stuart: anybody that can convert mob wife image into million dollars gets my vote. good luck with the books and good luck with the new series tomorrow night. >> thank you. stuart: your take on the poster boyd of corporate greed. your take on that is next. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energefficiency could help americans save $300 billion each year. take the energy quiz. energy lis here. stuart: last hour i gave my take on than is being released on parole next week. is your take. he was over the top and hard to like. if he was in government, he would have been a hero. anne-marie tweet too bad prosecutors can't go after government
that is the one thing i have to say i enjoy about making money, paying my taxes. stuart: anybody that can convert mob wife image into million dollars gets my vote. good luck with the books and good luck with the new series tomorrow night. >> thank you. stuart: your take on the poster boyd of corporate greed. your take on that is next. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the...
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>> no taxes on the social security. one of these places the focus has been on making a great economy for everybody, it is not sort of this weird manipulation of economic recovery were somehow a try to make the people who own the business don't benefit the people who just started yesterday reap the rewards. you cannot undo capitalism and put it back this way. dagen: i am not believing you want people to borrow money. charles: borrowing too much money got us in trouble. i have a mortgage. our win some money not bad. people spending beyond their means is one thing, or listen, somebody by $300,000 house and they drove a ford $100,000 house, that is what got us in trouble. 4 million people, publish increased 4 million, a million of them came from california and other high tax system. dagen: a lot of that is the oil. charles: it is not just about energy. 160,000 employees, guess what is moved this week, texas. $115,000 as a grant. it is not like pay up, we are throwing out cash. you know why? they want to have an economic bac
>> no taxes on the social security. one of these places the focus has been on making a great economy for everybody, it is not sort of this weird manipulation of economic recovery were somehow a try to make the people who own the business don't benefit the people who just started yesterday reap the rewards. you cannot undo capitalism and put it back this way. dagen: i am not believing you want people to borrow money. charles: borrowing too much money got us in trouble. i have a mortgage....
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which means that this administration now has missionaries and navigators and a tax hour and a grassroots army organizing for action, all pushing obamacare. they certainly have their work cut out for them. twenty-one of 36 states now have embraced the president's so-called fix for obamacare to the almost 5 million people whose coverage has been canceled by insurance companies. senator harry reid is offering to exempt his staff from buying insurance through the laws of exchanges and the other three congressional leaders include john boehner,, nancy pelosi, and mitch mcconnell, and they all have told their staff to join the exchange. on wall street today, stocks in the dow jones down and the nasdaq up a fraction. european regulators fined six financial institutions, a record 2.3 billion, for conspiring to interest rate manipulate interest rates. mgm selling its remaining 10% stake on allied financial. the carmakers lending arm getting about $900 million. the government remains the majority shareholder, which received a 17 billion-dollar bailout during the crisis, of which they have repaid t
which means that this administration now has missionaries and navigators and a tax hour and a grassroots army organizing for action, all pushing obamacare. they certainly have their work cut out for them. twenty-one of 36 states now have embraced the president's so-called fix for obamacare to the almost 5 million people whose coverage has been canceled by insurance companies. senator harry reid is offering to exempt his staff from buying insurance through the laws of exchanges and the other...
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Dec 10, 2013
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they go out and put it into tax shelters and they go out and invest it, which is great. but on a dollar-for-dollar basis, the money that goes into food stamps and unemployment benefits goes right back in the economy, because people who have them need to spend them. >> and there used to be a bipartisan understanding about these kinds of things, but that's disappeared. let's listen to what john boehner said about this. >> if the president has a plan for extending unemployment benefits, i'd sure entertain taking a look at it. but i would argue the president's real focus ought to be creating a better environment for our economy and creating more jobs for the american people. that's where the focus is. not more government programs. >> robert reich, that is actually the most reasonable thing i can find that a republican has said about this. that's as good as it gets. >> but john boehner and much of the rest of the republican party really do believe that somehow the job creators in this country are the rich, the people who run corporations, the people who run wall street. but t
they go out and put it into tax shelters and they go out and invest it, which is great. but on a dollar-for-dollar basis, the money that goes into food stamps and unemployment benefits goes right back in the economy, because people who have them need to spend them. >> and there used to be a bipartisan understanding about these kinds of things, but that's disappeared. let's listen to what john boehner said about this. >> if the president has a plan for extending unemployment...
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Dec 4, 2013
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. >> that's because the public schools are funded through property taxes. >> and the teacher-student ratio is worse here than in some of the countries that are doing a lot better. >> you also have to look at culture. >> of course. >> in mountains of studies in the united states that parental involvement is the number one predictor of student success. >> of course. >> there was some good news, which was that lower income kids are actually doing better. >> doing better comparatively. but not overall. >> well, they're doing better than they had been. which is good. and one question i had for you, what about the common core which has gotten a lot of attention lately? which says we need to start measuring american students and have a curriculum for american students that is comparable to what the did in shanghai. >> let me actually bring in sal caan founder of the caan academy, author of the one-room schoolhouse education being reimagined. what do you make of the core curriculum? is that something certainly the obama administration has been pushing. is that something you support? >> yeah.
. >> that's because the public schools are funded through property taxes. >> and the teacher-student ratio is worse here than in some of the countries that are doing a lot better. >> you also have to look at culture. >> of course. >> in mountains of studies in the united states that parental involvement is the number one predictor of student success. >> of course. >> there was some good news, which was that lower income kids are actually doing better....
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they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an already-strained budget in new york. >> that's right. new york already has when you combine city and state taxes one of the highest tax burdens in the country. it devastated new york state. look at up state. again to think new york city's impervious to these kind of demand, look what happened in the 1960s and '70s they literally drove the city to bankruptcy. so why start on that path again? david: let's talk a little bit about the rhetoric of income disparity. we heard the president talking about it. there is bigger gap between the richest and po
they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an...
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it is government debt is bigger, but taxes more and has a lot more power over individual americans. lou: just within the last two days the president also again sounding like a tea party chieftain as he railed against the inequities of the income distribution in the country, the heartless disparate distribution of wealth across, as if he had not been president for five years. >> his entire goal the whole time is to literally take from the rich and give to the board. this is what he campaigned on. you're sitting here talking about the expansion of government committee introduced obamacare as chief legislation. literally almost double the size of government. when it enacted completely. once again, it is just what is coming of his mouth. he is on the campaign trail. american people bought it up until now. his approval ratings are abysmal >> the speech about inequality was not at tea party speech. it was in occupy wall street speech. a call for socialism, take money away from the rich and give it to the port. the best example of why this is not that tea party president, think about obama
it is government debt is bigger, but taxes more and has a lot more power over individual americans. lou: just within the last two days the president also again sounding like a tea party chieftain as he railed against the inequities of the income distribution in the country, the heartless disparate distribution of wealth across, as if he had not been president for five years. >> his entire goal the whole time is to literally take from the rich and give to the board. this is what he...
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Dec 5, 2013
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generally speaking, i think bitcoin has a role to play in countries where citizens face high taxes, high capital controls or confiscation risk. from that point of view that is interesting. >> you have mentioned china. they have come down pretty hard on bitcoin. >> i think so. 70% of the recent turnover in bitcoin exchange basically involved a cnyb on the other side. this has become an object of speculation in china just like other things, even garlic in china. >> people have made comparisons to tulips. there was a professor in the netherlands who made this comparison just this week. you would say no, don't worry about that it, is not a tulip? >> i think right now add today's level, a,000, you can't say clearly it is a bubble. this is where i would disagree with green span. this piece makes that point dwight well. >> david woo disagreeing with allen greenspan. we will be back in two. >> welcome back to "street smart." we had our fifth down day in the market today. trish, you look at where the market closed, the s&p 500 down a half percent. that means we are now down 1.5% over the past fiv
generally speaking, i think bitcoin has a role to play in countries where citizens face high taxes, high capital controls or confiscation risk. from that point of view that is interesting. >> you have mentioned china. they have come down pretty hard on bitcoin. >> i think so. 70% of the recent turnover in bitcoin exchange basically involved a cnyb on the other side. this has become an object of speculation in china just like other things, even garlic in china. >> people have...